Ecuador, Colombia agreed on banking cooperation
Quito, Oct 18 (Prensa Latina) Financial institutions from Ecuador and Colombia are promoting today reciprocal cooperation to facilitate collaboration in fields of common interest such as monetary policy and the management of international reserves.
This initiative was undertaken by Veronica Artola Jarrin, general manager of the Central Bank of Ecuador (BCE), and her counterpart of the Bank of the Republic of Colombia, Juan Jose Echavarria.
The agreement seeks to strengthen the relation of the national institution with the central banks of the region, according to a statement from the BCE.
Monitoring and analysis of financial markets, management and surveillance of the payment system, management of cyber security, organizational development, financial innovation and development of digital payment, are some other topics included in the fields of cooperation.
For the implementation of the agreement both central banks will organize different activities such as study and research programs, seminars, workshops, missions, intership, technical visits, video conferences and other forms of cooperation that will contribute to the strengthening of their bilateral relations.
The BCE described the agreement as a milestone and warned that the legal document will strengthen the technical capacity, the exchange of experiences and the implementation of cooperation actions in fields of mutual interest for both institutions.
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